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- Joined: Sun Feb 11, 2007 7:13 pm
- Location: Akrotiri
from a radio interview over the weekend where a government minister (I'll get his name) was explaining the proposed procedure with receipts....again it was reported in Ta Nea
A sealed envelope submitted along with your tax return containing the receipts. No list and no summary needed. Written on the outside is a rough sum of the total value of the receipts enclosed. Accountant can advise as to rough amount needed to go with the tax return submitted but a general rule of thumb would be (I need to check the percentage mentioned) between 10 and 20 percent of earnings. Mostly will be unchecked but in cases of query the data is there for taxman to check.
Once again stories come and stories go and are not necessarily correct but this has a ring of workability about it (except for the storage and filing system needed in the tax offices for all the envelopes)
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